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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes. We just don’t have a way at the local level.

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Q3 Commercial Mortgage Delinquency Rates Ramp Up

Appraisal Buzz

Although construction and development loans are frequently supported by single-family residential development projects rather than office buildings, apartment buildings, shopping malls, or other income-producing properties, they are typically not included in the figures provided in this report but are included in many regulatory definitions of commercial (..)

Mortgage 397
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Why ADUs can be used for aging in place — and how reverse mortgages might help

Housing Wire

After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000. In Los Angeles County, stormwater regulations that cause construction delays have been lifted for those seeking to immediately commence small-scale residential construction projects.

Tenants 476
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Mortgage rates are falling as the labor market falters

Housing Wire

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

Marketing 493
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May jobs report a mixed bag for housing industry

Housing Wire

The overall construction sector actually lost 20,000 jobs in May, though it was mostly concentrated among nonresidential specialty trade contractors. The construction sector remains an economic weak spot in many respects – it’s down 225,000 jobs from prior to the pandemic.

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A new home rebound & avocado toast

Sacramento Appraisal Blog

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly.

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HUD Updates Manufactured Home Regulations

Appraisal Buzz

The new updates seek to expedite the home production process by cutting red tape and eliminating the need for manufacturers to obtain alternative construction approvals for materials that already meet or exceed HUD standards—helping build more manufactured homes and boost the nation’s housing inventory.